Excellent investment opportunity in Hot Springs! This fully occupied 4-unit apartment building offers immediate rental income with potential for increased returns. Each spacious unit features 1 bedroom, 1 bathroom, over 900 square feet of living space, and separately metered electricity. Currently generating $2,650 per month ($31,800 annually), the property offers upside potential, with existing rents reportedly below market rates. Situated on approximately one acre, the property may also offer additional development opportunities toward the rear of the lot, subject to applicable zoning and approvals. Conveniently located near The Omni Homestead Resort and downtown Hot Springs, this income-producing property presents an attractive opportunity for investors seeking steady cash flow and long-term appreciation potential. A great addition to any investment portfolio!

Listing courtesy of MYRA R BEAMS of REAL BROKER LLC



Listing information is provided by Participants of the Charlottesville Area Association of Realtors®, Greater Augusta Association of Realtors® and Harrisonburg-Rockingham Association of Realtors® MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Charlottesville Area Association of Realtors®, Greater Augusta Association of Realtors® and Harrisonburg-Rockingham Association of Realtors® MLS.
Data last updated at: 2026-10-25 06:37 AM UTC